Dow Jones 30, H4
Pivot: 34091.00
Analysis:
Provided that the index is traded above 33683.19, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 34091.00
- Take Profit 1: 34500.00
- Take Profit 2: 34600.00
Alternative scenario:
In case of breakdown of the level 33683.19, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 33683.19
- Take Profit 1: 33495.00
- Take Profit 2: 33020.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance --- Support
34700.00 ----- 33683.19
34600.00 ----- 33495.00
34500.00 ----- 33020.00
Dow Jones 30, D1
Pivot: 33992.00
Analysis:
While the price is above 33120.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 33992.00
- Take Profit 1: 34930.00
- Take Profit 2: 35530.00
Alternative scenario:
If the level 33120.00 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 33120.00
- Take Profit 1: 32000.00
- Take Profit 2: 30880.00
Comment:
RSI is bullish and indicates a mid-term uptrend.
Key levels:
Resistance --- Support
37125.00 ----- 33120.00
35530.00 ----- 32000.00
34930.00 ----- 30880.00
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